Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Lyndhurst to slice 20 jobs

Posted: May 11th, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Saddled with a stagnant tax base, lost tax revenue and budget constraints, the township will cut 20 jobs — or 11.1 percent — of its 180 full-time positions.

Town officials told about 50 residents — including municipal employees — about the decision last week as township officials sorted out its estimated $34.2 million municipal budget for 2011, a $1.36 million reduction from last year.

From: North Jersey


Leave a Reply